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userger
Level 1
posted
‎January 27, 2021 06:15 AM
last updated ‎January 27, 2021 6:15 AM

I filed a vat return in Quickbooks, but realised afterwards revenue rounded the amount. How can I fix this so my accounts reconcile?

 
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1 Comment 1
Rubielyn_J
QuickBooks Team
QuickBooks Team
‎January 27, 2021 10:16 AM

I filed a vat return in Quickbooks, but realised afterwards revenue rounded the amount. How can I fix this so my accounts reconcile?

I'll share some information about Vat return and how to reconcile accounts in QuickBooks, @userger.

 

To start, review the VAT return after it has been submitted to HMRC. Click the ▼ drop-down arrow against the return to view your reports. Review for the amount and make the changes.

 

Once done, you can reconcile your account. Before that, let's ensure to review your opening and beginning balances to know that they are accurate.

 

Next, review your Ending balance and Ending date. The information should match your bank statement. Then, go to the Banking page and look for any un-reviewed transactions. Make sure to match and categorize them for it not to affect the opening balance.

 

If you no longer have the difference, reconcile the account again. Here's an article for the instructions: Reconcile an account in QuickBooks Online.

 

I'll be around if you need more help with QuickBooks. Have a great day ahead. 

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